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citation required Currently no insurance is willing to insure against major disaster. So how are companies going to pay for it? You can look at the cash reserv
by cycomanic 4y ago
citation required
Currently no insurance is willing to insure against major disaster. So how are companies going to pay for it? You can look at the cash reserves and immediately see that this cannot be correct.
- cycomanic 4y agoEdit: I should have said they will not insure fully for the consequences of the disaster, in particular not long term effects. Nuclear has limited liability and does not need to cover the full cost of a disaster. https://world-nuclear.org/information-library/safety-and-security/safety-of-plants/liability-for-nuclear-damage.aspx https://world-nuclear.org/information-library/safety-and-sec...
- yxhuvud 4y agoOk, seems the amount the companies are now liable for is actually capped at some number, which is a fair amount but still not covering a truly major incident. But the cap has gradually increased over time and is thus costing the electric companies more money.